New private homes in Singapore seen as a safe-haven asset amid outbreak, looming recession

Singapore real estate had a strong showing in February 2020 amidst Covid 19 worries. A total of 1314 private residential units including ECs (Executive Condominiums) were sold, up 105.3 per cent from the previous month and 187.5 percent from Feb 2019. 2 Key launches were The M and Parc Canberra, contributing 380 and 324 units to the sales numbers respectively. The cut in Federal Reserve interest rates and other easing measures in the US suggest a low borrowing cost environment in the near future conducive to property assets. With the volatility present in the equity markets, investors may seek safety in stable returns. Landed property in Singapore such as at Parkwood Collection could be such an option.

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